D. E. Shaw & Co. Inc. Increases Stake in PAR Technology Co. (NYSE:PAR)

D. E. Shaw & Co. Inc. increased its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 176.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,010 shares of the software maker's stock after purchasing an additional 65,813 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.27% of PAR Technology worth $7,486,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of PAR Technology in the 4th quarter valued at about $28,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of PAR Technology in the fourth quarter valued at approximately $29,000. Signaturefd LLC raised its holdings in shares of PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after purchasing an additional 279 shares during the last quarter. US Bancorp DE increased its stake in shares of PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after purchasing an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of PAR Technology during the 4th quarter worth about $113,000.

PAR Technology Trading Down 1.0%

NYSE:PAR traded down $0.67 during midday trading on Monday, reaching $69.15. 249,418 shares of the stock traded hands, compared to its average volume of 436,936. The company has a fifty day moving average of $59.82 and a 200 day moving average of $67.49. PAR Technology Co. has a 12 month low of $41.86 and a 12 month high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The stock has a market capitalization of $2.80 billion, a P/E ratio of -276.59 and a beta of 1.76.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $103.86 million during the quarter, compared to analyst estimates of $105.16 million. During the same period in the prior year, the business earned ($0.36) EPS. The company's revenue for the quarter was up 48.2% on a year-over-year basis. On average, research analysts predict that PAR Technology Co. will post -1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

PAR has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a report on Monday, May 12th. Citigroup reissued a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. The Goldman Sachs Group raised their price target on shares of PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, StockNews.com upgraded shares of PAR Technology to a "sell" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, PAR Technology currently has an average rating of "Moderate Buy" and an average target price of $79.86.

About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.